Investor Presentaiton

2019 strategic focus areas remain the guiding light 11 Capital Markets Day 2019 2019-2023 Updated strategic priorities Increased operational efficiency through key cost initiatives Increased revenues from RWAs through capital velocity and capital light revenue growth Focus on capital optimization Exit from non-core assets Strong delivery 2019 2021 2023 ROE 0.6% 14.7% Cost-to-core income 62.3% 51.6% 13.6% 44.7% Core Income / REA 5.7% 6.5% 7.1% Commitment to return surplus capital Important milestones in simplifying the balance sheet through divestments ISK 96.2bn Dividend / Buy-backs 2019-2023 Bravo Tours E LANDEY VALITOR Bancassurance emphasis vörður Next steps.... Strategic refinements to secure long-term success The strategic priorities laid out in 2019 remain the guiding light, with continued emphasis on operational efficiency, capital velocity and capital optimization, and we have identified three main focus areas going forward: Target client segments Financial health Arctic

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